You are no longer in the business that you thought you were in as the entire playing field and all its rules have changed. Quit thinking you are in whatever you call your business, because now for the first time in the past 10 years the business you are in is not responding to the actions that worked just last year. 684 more words
Tags » Recession
Over the weekend, the National Bureau of Statistics (NBS) released the inflation figure of December, the year-on-year inflation stood at 18.55 %. This means that between December 2015 and December 2016, the average prices of goods and services in increased by 18.55%. 677 more words
As he leaves office, Obama’s enormous economic accomplishments are tempered with the recognition of foregone opportunities. Disappointment among certain segments of the population has fueled the politics of anger and social divisions that go well beyond what would be expected and warranted based on actual economic performance.
Today is President Barack Obama’s last full day in office, and it’s been a long wait. We were loudly grousing about the man back when he was first elected on a waft of hope that he was some sort of messiah, we groused again when he ran re-election on the argument that his opponent was some sort of devil, we’ve been grousing ever since, and we feel obliged to grouse once again as he leaves office with unaccountably high approval ratings. 981 more words
(What's Left of) Our Economy: New Fed Data Show Manufacturing (Barely) Stays Out of Recession and Grew (Slightly) in 2016
New Federal Reserve data showed that inflation-adjusted U.S. manufacturing production rose sequentially by 0.17 percent in December, an improvement that put industry back above its November, 2014 output level (by 0.09 percent) and therefore ended its latest technical recession. 375 more words
For all Americans, I guess, “Happy Democracy” greetings are in order. Come January 20, as they step into the new Presidency with trepidation – no kidding, they are all in it together whether they celebrated or protested on National Mall on inauguration day or watched the circus of democracy live on TV or simply slept through the great transition – this is the democracy they helped shape. 482 more words